Word: containerized
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Even a flock of favorable dividend actions last week failed to spur the market over its previous high. Westinghouse Electric raised its annual rate ($3 to $4). Young Walter Paul Paepcke's Container Corp. declared a 25? payment, its first in five years, and Texas Pacific Coal & Oil a...
Last week the stockholders of Container Corp. of America received a printed postcard from their company, beginning with the well-worn refrain: "It is our policy to give our stockholders full information at all times. . . ." Prepared to slog through the usual corporate platitudes, Container stockholders opened their eyes wide at...
(2 of 2) (for toothpaste, shaving cream, etc.), and paperboard for "set-up" boxes (for candy, shoes, etc.). Container Corp. dates from 1926, when Philadelphia Paper Manufacturing Co. was merged with the paper board division of Chicago Mill & Lumber Co., a business founded in 1881 by Hermann Paepcke. Founder Paepcke...
After a fine first year Container's earnings started to fall. The paperboard industry was feeling the effects of tremendous overproduction from new mills. Container met price cut with price cut, depending on big sales volume to make money. President Paepcke thought that quantity would be his company'...
Still concentrating on big volume and low price, Container lost money that year, even more in 1932. Next year, however, prices rose enough to provide a small profit. Last year's fat earnings were made with prices of its basic products at only 65% of the 1926 figure.